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3.3M have signed up for Obamacare

HEALTHCARE: Through Feb. 1, more than 3.3 million Americans have signed up. Photo: Associated Press

WASHINGTON (Reuters) – About 3.3 million people enrolled in private Obamacare health coverage through new U.S. healthcare marketplaces from October 1 to Feb. 1, the Obama administration said on Wednesday.

The data also shows that the number of young adult enrollee aged 18 to 34 rose slightly to 25 percent of the total enrollment population. Participation among young adults could be crucial to the success of President Barack Obama’s signature healthcare law because they tend to compensate for higher risks from older or sicker policyholders who represent three-quarters of enrollees.